Aeropostale, Inc. (ARO) Posts Q4 Loss of 35c/Share; Enters $150M Financing Arrangement
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Price: $0.15 --0%
Financial Fact:
Basic earnings per share: -0.16
Today's EPS Names:
NLY, CP, RUSHA, More
Financial Fact:
Basic earnings per share: -0.16
Today's EPS Names:
NLY, CP, RUSHA, More
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Aeropostale, Inc. (NYSE: ARO) reported Q4 EPS of ($0.35), $0.04 worse than the analyst estimate of ($0.31). Revenue for the quarter came in at $670 million versus the consensus estimate of $684.96 million.
Fourth quarter comparable sales, including the e-commerce channel, decreased 15%, compared to a decrease of 8% for the corresponding period of the prior year.
Net revenue from the Company's e-commerce business for the fourth quarter of fiscal 2013, including net revenues from the GoJane.com business, which was acquired on November 13, 2012, decreased 12% to $85.6 million, from $96.8 million in the year ago period.
Sees Q1 2014 EPS of ($0.75)-($0.7), versus the consensus of ($0.17).
The Company also separately announced today that it has signed a commitment letter with Sycamore Partners and its affiliates for a strategic partnership and $150 million in senior secured credit facilities. The senior secured credit facilities will consist of a five-year $100 million term loan facility and a ten-year $50 million term loan facility that includes a sourcing arrangement with MGF Sourcing, an affiliate of Sycamore Partners. Please see the separate release for additional information.
For earnings history and earnings-related data on Aeropostale, Inc. (ARO) click here.
Fourth quarter comparable sales, including the e-commerce channel, decreased 15%, compared to a decrease of 8% for the corresponding period of the prior year.
Net revenue from the Company's e-commerce business for the fourth quarter of fiscal 2013, including net revenues from the GoJane.com business, which was acquired on November 13, 2012, decreased 12% to $85.6 million, from $96.8 million in the year ago period.
Sees Q1 2014 EPS of ($0.75)-($0.7), versus the consensus of ($0.17).
The Company also separately announced today that it has signed a commitment letter with Sycamore Partners and its affiliates for a strategic partnership and $150 million in senior secured credit facilities. The senior secured credit facilities will consist of a five-year $100 million term loan facility and a ten-year $50 million term loan facility that includes a sourcing arrangement with MGF Sourcing, an affiliate of Sycamore Partners. Please see the separate release for additional information.
For earnings history and earnings-related data on Aeropostale, Inc. (ARO) click here.
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